What if a husband and wife own a home together that increases in value by $500,000. When one spouse dies and the other owns the property themselves, do they receive a step-up in basis? Or do they only ...

Key steps, taxes and family considerations of inherited property.

Receiving property when someone dies can come with unexpected financial burdens, particularly taxes like estate and inheritance, and capital gains tax, which applies to the profits made from selling ...

There’s no inheritance tax in Australia, but there are plenty of other levies that can catch you out if you’re not prepared.

Last week, President Trump said he is considering a proposal to exempt from tax all gains from the sale of a homeowner’s primary residence. Under current law, taxpayers can exclude up to $250,000 ...

In comments to the press on Tuesday, President Donald Trump suggested he is considering eliminating capital gains taxes on the sale of homes. Soon afterwards, Rep. Marjorie Taylor Greene of Georgia ...